written by reader Gold/Medicare/Mining

By Anonymous Questions, May 17, 2016

So many gurus are making the case that the end is near for the dollar and that gold and silver are going to overcome the unconstitutional and illegal naked short selling of gold and silver futures and reach new heights. I do wonder if you have thoughts on that subject?

I understand that the baby boom cohort is beginning to become eligible for Social Security Retirement and Medicare benefits at the rate of ten thousand new recipients per day for the next ten or more years. Lawrence Kotlikof estimates that the cost of all these unfunded promises will add up to 256 trillion dollars probably leading to raising the age of eligibility, cutting the benefits, raising the taxes and also printing trillions of dollars by the Fed.

Have you addressed this happening at all? I expect that suppressed mining shares will experience an increase of the value of the assets they are bringing to the market.

I wonder if you have had occasion to comment on this phenomenon regarding analysts predictions of the outlook of precious metals mining companies.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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john
john
4 years ago

One of these experts predicted that the value of an ounce of gold will one-day equal the Dow value, as it did once before….it could be 5000? 10000? he did not know……but inflation is going on, despite the whitehouse denials. For example, when I got a college scholarship…way back it was $450/year in today’s money, and I paid a landlady and fed myself out of it…..could not study and have a job….not an option!
Imagine living on $450/year now? Inflation????????????????…..John in Houston

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faz
faz
4 years ago
Reply to  john

I think it was the head of Franco Nevada, he’s often talking about the ‘golden arches’ of mcdonalds fame looking very much like the chart of the gold / dow ratio.
(Pierre Lassonde??)

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WTFU
4 years ago

Buy physical bullion in the USA through ebay, JMBullion, Modern Coin Mart and
Or in the UK/EU buy physical bullion through CoinInvest (Germany) or BullionByPost (UK) not Postal Bullion as they always end up costing more.

Then buy a few safes, put one in your grandma’s house cemented in the basement or whatever, one at home with your guns and one somewhere with someone else you trust in a country(s) other than where you reside.

Whatever cash you have (banked and at least 10% of what you have in cash) spread between at least 3 currencies with as little inter-relation as possible e.g. Ruble, Australian Dollar and Norwegian Krone as well as your own whether that is Euro, USD or GBP.

Next, get CryptoCurrency: buy at least 5 bitcoins, possibly diversify also buy buying some LiteCoin and BitCoin Core also.

Get purifying filters (even a Britafliter jug), watcher catchment tanks with mosquito proofing, AC/pertrol gerator (or large diesl if you can afford) unless you are wise enought ot live off grid already and grow vegerables as a matter of course. Always have your own seed bank too with enough to repopulate. Pumpkins are great as they grow well and last ages so include them…..this is how the dutch/boers survived the Groet Trek through South Africa being pursued by the Birting and warring with African tribes.

Finally, own at least one rifle and learn to shoot it. In case you need to end up hunting or ward off people who failed to prep and want your contingencies. You can get a rifle in any country despite what red-necks think about everywhere outside of the US…..simply not true.
If you live in a country where you can own a handgun (again, contrary to popular beleif, this is most countries, even really PC countries like New Zealand) and again, stock plenty of rounds or buy a bullet press and all the gear to remake your own.

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hdavidbrown351
4 years ago
Reply to  WTFU

Though many people may laugh or make fun of what you posted, I agree with everything you said. I haven’t gotten there yet, but I’m working on most of it. I believe we may be in for a currency collapse, whether it’s this year or next I think it’s coming. With the debt we as a country have and every other developed country has and continues to add to it at rapid paces, I don’t see how any other result can be other than a world wide monetary collapse.

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alberta doc
4 years ago

If we end up with another 2008 crash in the global economies you can expect gold to soar. Central Banks are out of tricks to fix another downturn and are now experimenting with bizarre ideas such as implementing negative interest rate policies. Its looking like we may have a very large problem still brewing from the 2008 housing debacle, that just won’t go away. The petrodollar looks doomed which could lead to it being replaced as the international reserve currency or at least having to share the crown with other currencies. There are just too many problems in the global economies to continue to support a system that is growing on massive cheap debt and not business fundementals Sooner or later this whole thing will began to unravel. Thats when gold could hit 10,000.

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hdavidbrown351
4 years ago

Agreed, Some people are buying gold bullion. I can’t afford large bars of gold, and even think that trying to buy things with 1oz coins could be a problem many times. Can you imagine trying to buy food or gas or anything like that with a single ounce of gold worth several thousands of $$$ for goods worth maybe a few hundred?? I have bought some 1/10 oz Silver Eagles just for that instance. I think that will be easier for exchange for smaller purchases/barter for goods. Not saying larger denominations aren’t good to have too, just that some smaller amounts might make sense to own.

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